Technoglitch
Core Member
Prime Minister Narendra Modi convened a meeting of senior finance ministry staff that December to hear their complaints, said a person who was present.
At the end, the leader delivered a stern message: do not indulge in a public spat with the central bank.
"Rajan will get another term and he will accept it," said Arvind Mayaram, India's former finance secretary who Rajan worked with closely first as the government's chief economic adviser and then as RBI governor. "He is well entrenched in India's political economy."
A top government official said the decision rests with Modi and the leader has not yet said what he wants to do. Modi recently told The Wall Street Journal that Rajan's reappointment would come up only in September.
RBI Governor Raghuram Rajan wins over PM Modi despite broad mistrust - The Economic Times
At the end, the leader delivered a stern message: do not indulge in a public spat with the central bank.
"Rajan will get another term and he will accept it," said Arvind Mayaram, India's former finance secretary who Rajan worked with closely first as the government's chief economic adviser and then as RBI governor. "He is well entrenched in India's political economy."
A top government official said the decision rests with Modi and the leader has not yet said what he wants to do. Modi recently told The Wall Street Journal that Rajan's reappointment would come up only in September.
RBI Governor Raghuram Rajan wins over PM Modi despite broad mistrust - The Economic Times
